Hotels

Smaller meetings key to convention center expansion

January 19, 2011
Scott Olson
Large conventions typically get the most attention, but it's the smaller meetings that will be critical to ensuring the expanded Indiana Convention Center is adequately occupied.
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ICVA executives sharing leadership duties

January 11, 2011
Scott Olson
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
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UPDATE: Convention leaders prepare for business without Welsh

January 4, 2011
Anthony Schoettle
Don Welsh was seen as a revolutionary force as CEO of the Indianapolis Convention & Visitors Association. Now he may be one of its biggest competitors as he takes the top job in Chicago.
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Local hotel bookings fell in 2010, projected to rise in 2011

January 3, 2011
Anthony Schoettle
Weak economy blamed for 5-percent decline. With Indiana Convention Center expansion set to be complete this month, booking should be on the rise.
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ICVA nearing hotel room-reservation target for 2010

December 27, 2010
Scott Olson
As of mid-December, the Indianapolis Convention & Visitors Association had hit about 93 percent of its 2010 goal of booking 650,000 room nights for future conventions. The group is stepping up its efforts to meet the demands of the new JW Marriott hotel and convention center expansion.
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Fourth Artsgarden walkway gets final approval

December 23, 2010
Scott Olson
Construction on the walkway that will connect the downtown PNC Center with the Indianapolis Artsgarden should begin in March. Plans to pave the gravel parking lots on the former site of Market Square also received approval.
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Lender seeking to foreclose on northwest-side hotel

December 9, 2010
Scott Olson
Colfin NW Funding LLC claims in a court filing that it is owed $6.4 million by the borrower that operates the Courtyard By Marriott Hotel Northwest under Indianapolis-based Schahet Hotels Inc.
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Developer says Broad Ripple hotel will have 'green' elementsRestricted Content

December 4, 2010
 IBJ Staff
Developer Debra Stolen Hasbrook found the site at 6520 Westfield Boulevard while running on the Monon Trail.
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Unions target Indianapolis hotels

November 13, 2010
Anthony Schoettle
Unite Here has high hopes, but the industry fears its cost advantage would erode.
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City's Conrad hotel investment starts to pay off for taxpayers

November 6, 2010
Cory Schouten
The city put up $25 million for the hotel, restaurant and condo development at the corner of Washington and Illinois streets, including $3.75 million in exchange for the economic equivalent of an 8-percent stake.
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Hendricks County launches tourism campaign

October 27, 2010
Andrea Muirragui Davis
Six months into a $750,000 plan to increase Hendricks County’s profile as a tourist destination, officials say group travel has doubled and hotel occupancy is up almost 3 percentage points—before an end-of-the-year push to get travelers to “Spend the Holidays in Hendricks County.”
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Corporations champion FFA’s mission

October 20, 2010
Scott Olson
The organization's annual convention, which runs Wednesday through Saturday, attracted 375 exhibitors, an impressive number considering the tepid economy.
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Suburban hotels take a beating as downtown recovers

October 16, 2010
Anthony Schoettle
As revenue per room falls, some hotels outside the center city are going on the auction block.
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AmericInn buys Fishers hotel, enters local market

October 15, 2010
 IBJ Staff
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
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Fourth Artsgarden skywalk gets approval

October 6, 2010
Scott Olson
Despite objections, the Metropolitan Development Commission agreed to provide $600,000 in city funds to help build an enclosed pedestrian walkway connecting the downtown PNC Center with the Indianapolis Artsgarden.
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EEOC suing local hotel for race discrimination

September 30, 2010
Equal Employment Opportunity Commission's lawsuit against the owners of a Hampton Inn on the east side charges that the hotel treated black housekeepers unfairly.
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Crowne Plaza walkway to add to city's connectivity

September 30, 2010
Anthony Schoettle
Officials for Crowne Plaza Hotel downtown said a $400,000 enclosed connector linking the hotel to the convention center will be done in February.
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JW Marriott already sold 100,000 rooms

September 25, 2010
Anthony Schoettle
It doesn't open until Feb. 4, but downtown's JW Marriott hotel has already booked 100,000 room nights for 2011—more than any other local hotel—an achievement drawing both praise and concern from others in the hospitality industry.
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Indiana Supreme Court won't hear Lee's Inns dispute

September 18, 2010
 IBJ Staff
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
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JW Marriott picks top chef

September 10, 2010
Francesca Jarosz
A former executive chef at an upscale Louisville hotel will lead culinary operations at the 1,005-room JW Marriott, which will feature two major restaurants and 100,000 square feet of catering space.
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Conrad hotel's Spa Chakra closes abruptly

August 23, 2010
Scott Olson
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving notification Friday that it had closed.
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Bed-and-breakfasts complain of inferior ICVA support

July 31, 2010
Anthony Schoettle
Local B&B operators squeezed by the economy, including Gary Hofmeister, claim they could be doing better if they got some support from the Indianapolis Convention and Visitors Association.
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Hotel operator says Indy hospitality growth spottyRestricted Content

July 31, 2010
Norm Heikens
Convention center is sparking optimism, Schahet says, but overall market is still soft.
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Holiday Inn to hit auction block with $1M opening bid

July 26, 2010
Cory Schouten
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month with a suggested opening bid of $1 million.
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'Landstory' name opens new chapter for firmRestricted Content

July 24, 2010
Scott Olson
Moniker reflects ownership change years earlier, better description of company's focus.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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